Real Journeys buys its Walter Peak base

Key New Zealand
tourism player Real Journeys has purchased the land and
facilities that underpin its Walter Peak operations from its
landlords Convelle Enterprises Ltd.

The 155 hectare
property situated at Beach Bay on Lake Wakatipu, 13km from
Queenstown, includes the historic Colonels Homestead and
surrounding buildings. For decades Real Journeys have used
this location to operate dining and farm experiences
serviced by the 101-year old steamship the TSS
Earnslaw.

Chief Executive Richard Lauder says the company
is pleased to have had the opportunity to acquire what is a
very special property.

“Walter Peak and the Colonels
Homestead mean a lot to Real Journeys from both a historical
and business perspective.

“We’ve recently made a
significant investment in upgrading the product offering
with the refurbishments now complete and the gourmet BBQ
menu just launched – to move from tenant to owner secures
our position and enables future growth opportunities,”
says Lauder.

Real Journeys Commercial Director Tony
McQuilkin says since leasing 8 hectares of the property from
Convelle in 1991 both parties have enjoyed a good
relationship which has “certainly helped with the sale
process”.

This is Real Journeys second purchase in a
matter of weeks having recently acquired Cardrona Alpine
Resort. Lauder says both acquisitions signify Real
Journeys willingness to diversify and grow.

“It’s also
nice to be able to bring another iconic piece of New Zealand
back into local hands,” says
Lauder.

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